Bids come in for control of crucial Greek port


Two binding bids have come in for a majority stake in the Greek port of Alexandroupolis.

The country’s privatisations agency, Hellenic Republic Asset Development Fund (HRADF), received bids for 67 per cent of the Alexandroupolis Port Authority.

Bidders were Quintana Infrastructure and Development through Liberty Port Holdings Single Member, and International Port Investments Alexandroupolis, consisting of Black Summit Financial Group, Euroports, EFA Group and GEK Terna (HRMr.AT), the agency said in a statement.

“The assessment of the offers in accordance with the terms specified in the Request for Proposals will commence immediately,” HRADF wrote in its statement.

“The financial offers of investors who meet the terms of the tender will be unsealed at a subsequent meeting of the Board of Directors of the Fund.”

The northern Greek port is a crucial logistical and geopolitical lynch pin, bordering with Bulgaria and Turkey.

The port is also a gateway for transit of military materials to Ukraine, and European energy sources.

The Greek port of Thessaloniki has recently inaugurated two New Panamax specially designed ship-to-shore (STS) cranes at the facility.

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